WEX Inc. (WEX)
NYSE: WEX · Real-Time Price · USD
181.97
-2.90 (-1.57%)
At close: Nov 3, 2026, 4:00 PM EST
182.05
+0.08 (0.04%)
After-hours: Nov 3, 2026, 7:30 PM EST
WEX Inc. Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Operating Revenue | 2,368 | 2,190 | 2,189 | 2,174 | 2,086 | 1,641 |
Other Revenue | 512.4 | 470.7 | 438.8 | 373.7 | 264.9 | 209.4 |
| 2,880 | 2,661 | 2,628 | 2,548 | 2,351 | 1,851 | |
Revenue Growth | 9.75% | 1.24% | 3.14% | 8.40% | 27.02% | 19.13% |
Cost of Revenue | 751.6 | 751.2 | 724.4 | 694.9 | 624.1 | 535.7 |
Gross Profit | 2,129 | 1,910 | 1,904 | 1,853 | 1,727 | 1,315 |
Selling, General & Admin | 798.3 | 717.2 | 711.5 | 751.2 | 655.7 | 643.6 |
Other Operating Expenses | 116.5 | 109 | 104.1 | 84.2 | 20.6 | 9.2 |
Operating Expenses | 1,352 | 1,236 | 1,205 | 1,201 | 1,120 | 970.6 |
Operating Income | 776.6 | 673.9 | 698.6 | 651.7 | 606.4 | 344.3 |
Interest Expense | -217.8 | -240.6 | -235.9 | -204.6 | -47.5 | -89.2 |
Currency Exchange Gain (Loss) | 7.1 | -0.2 | -26.1 | 4.9 | -22.7 | -12.3 |
Other Non Operating Income (Expenses) | -0.2 | -0.1 | - | - | - | 3.6 |
EBT Excluding Unusual Items | 565.7 | 433 | 436.6 | 452 | 536.2 | 246.4 |
Merger & Restructuring Charges | - | - | -12.3 | -4.6 | - | -2.4 |
Impairment of Goodwill | - | - | - | - | -136.5 | - |
Asset Writedown | -9.9 | -9.9 | - | - | - | - |
Other Unusual Items | -1.3 | -2.9 | -6.5 | -78.6 | -139.1 | -40.1 |
Pretax Income | 554.5 | 420.2 | 417.8 | 368.8 | 260.6 | 203.9 |
Income Tax Expense | 149.9 | 116.1 | 108.2 | 102.2 | 93.1 | 67.8 |
Earnings From Continuing Operations | 404.6 | 304.1 | 309.6 | 266.6 | 167.5 | 136.1 |
Minority Interest in Earnings | - | - | - | - | 33.9 | -136 |
Net Income | 404.6 | 304.1 | 309.6 | 266.6 | 201.4 | 0.1 |
Net Income to Common | 404.6 | 304.1 | 309.6 | 266.6 | 201.4 | 0.1 |
Net Income Growth | 42.61% | -1.78% | 16.13% | 32.37% | 201300.00% | - |
Shares Outstanding (Basic) | 34 | 36 | 41 | 43 | 44 | 45 |
Shares Outstanding (Diluted) | 35 | 36 | 41 | 43 | 45 | 45 |
Shares Change | -6.25% | -13.08% | -4.62% | -3.13% | -1.32% | 3.33% |
EPS (Basic) | 11.74 | 8.57 | 7.59 | 6.23 | 4.54 | 0.00 |
EPS (Diluted) | 11.61 | 8.47 | 7.50 | 6.16 | 4.50 | 0.00 |
EPS Growth | 52.00% | 12.93% | 21.75% | 36.89% | 203796.69% | - |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | -291.3 | 313.7 | 334.1 | 764.3 | 566.5 | -128.6 |
Free Cash Flow Per Share | -8.36 | 8.74 | 8.09 | 17.65 | 12.67 | -2.84 |
Gross Margin | 73.91% | 71.77% | 72.44% | 72.73% | 73.45% | 71.05% |
Operating Margin | 26.96% | 25.33% | 26.58% | 25.58% | 25.80% | 18.61% |
Profit Margin | 14.05% | 11.43% | 11.78% | 10.46% | 8.57% | 0.01% |
Free Cash Flow Margin | -10.11% | 11.79% | 12.71% | 30.00% | 24.10% | -6.95% |
EBITDA | 977.5 | 874.4 | 910.2 | 849.2 | 792.3 | 542.7 |
EBITDA Margin | 33.94% | 32.86% | 34.63% | 33.33% | 33.71% | 29.33% |
D&A For EBITDA | 200.9 | 200.5 | 211.6 | 197.5 | 185.9 | 198.4 |
EBIT | 776.6 | 673.9 | 698.6 | 651.7 | 606.4 | 344.3 |
EBIT Margin | 26.96% | 25.33% | 26.58% | 25.58% | 25.80% | 18.61% |
Effective Tax Rate | 27.03% | 27.63% | 25.90% | 27.71% | 35.73% | 33.25% |
Revenue as Reported | 2,880 | 2,661 | 2,628 | 2,548 | 2,351 | 1,851 |
Advertising Expenses | - | 42.9 | 31.5 | 27.1 | 23.4 | 20.6 |